Halliburton (NYSE:HAL) CFO Eric Carre Sells 51,179 Shares

Halliburton (NYSE:HAL) CFO Eric Carre sold 51,179 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $25.00, for a total value of $1,279,475.00. Following the sale, the chief financial officer now directly owns 127,101 shares of the company’s stock, valued at approximately $3,177,525. This trade represents a 28.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Eric Carre also recently made the following trade(s):

• On Tuesday, February 11th, Eric Carre sold 141,206 shares of Halliburton stock. The shares were sold at an average price of $26.13, for a total value of $3,689,712.78.

Halliburton Stock Performance

Shares of Halliburton stock opened at $25.23 on Tuesday. The company has a current ratio of 2.05, a quick ratio of 1.54 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $21.90 billion, a P/E ratio of 8.91, a P/E/G ratio of 3.79 and a beta of 1.84. The business has a fifty day simple moving average of $26.50 and a two-hundred day simple moving average of $28.21. Halliburton has a 12 month low of $23.42 and a 12 month high of $41.56.

Halliburton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.68 annualized dividend and a dividend yield of 2.70%. Halliburton’s payout ratio is presently 24.03%.

Hedge Funds Weigh In On Halliburton

Institutional investors and hedge funds have recently modified their holdings of the stock. Horrell Capital Management Inc. bought a new position in shares of Halliburton during the fourth quarter valued at $33,000. Sierra Ocean LLC bought a new position in shares of Halliburton during the fourth quarter valued at $36,000. Modus Advisors LLC bought a new position in shares of Halliburton during the fourth quarter valued at $38,000. Vermillion Wealth Management Inc. bought a new position in shares of Halliburton during the fourth quarter valued at $39,000. Finally, Continuum Advisory LLC increased its holdings in shares of Halliburton by 101.2% during the third quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company’s stock valued at $42,000 after acquiring an additional 698 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HAL. Morgan Stanley dropped their price objective on Halliburton from $35.00 to $34.00 and set an “overweight” rating for the company in a research note on Monday, November 18th. Royal Bank of Canada reissued a “sector perform” rating and set a $34.00 price objective on shares of Halliburton in a research note on Thursday, January 23rd. Piper Sandler assumed coverage on Halliburton in a research note on Thursday, December 19th. They issued an “overweight” rating and a $36.00 price target for the company. Griffin Securities lowered Halliburton from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. Finally, Barclays dropped their price target on Halliburton from $32.00 to $30.00 and set an “equal weight” rating for the company in a research note on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, Halliburton has a consensus rating of “Moderate Buy” and a consensus price target of $37.42.

Halliburton Company Profile

Halliburton Company provides products and services to the energy industry worldwide. It operates through two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; and completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, and service tools, as well as liner hanger, sand control, and multilateral systems.